For the second time in less than two years, I am convinced that my skills, or lack thereof, are no match for the power of my wife’s product and service buying habits. Hands down, her habits are kicking the market’s a$$ and my a$$ for that matter.

Who needs a financial advisor or one of these “trendy” new robo advisors when I can just copy what she is buying and doing?

As I said back in 2014:

Peter Lynch subscribed to the idea of “know what you own”. I know what my wife owns and can take the lesson that many other wives (and people in general) are buying what she is buying. Consumers = profits and profits typically lead to earnings which leads to a rise in share prices. Sounds like a simple formula.

The formula is WORKING!

I plan to take a look at the 22 companies to determine which may need to be “adjusted” in or out of the portfolio going forward. Michael Kors may be “so-yesterday” and things like Etsy ($ETSY), Paypal ($PYPL), Instagram ($FB), etc. are now on the list. I plan to do some more digging between the wife and kid’s spending habits.

I’ll keep you all posted but in the mean time, check out what your wife (or husband) and family is spending their money on, week after week – it could be worth a fortune rather than costing you one.

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Trend Trading

I am a trend trader looking for gains of 25% or more and losses no larger than 10% (preferably smaller when I am smart enough to cut the immediate loss) on trades that will last anywhere from a few weeks to several months or longer. I aim to be prepared to trade in situations when the odds are in my favor by properly employing risk management strategies such as position sizing and expectancy.